The Public Interest and Accountability Committee (PIAC) has called on the government to intensify efforts to attract major international oil companies into Ghana’s petroleum sector to accelerate exploration and production.
Speaking in relation to the 2025 PIAC report on Bullet TV’s Morning Target on April 9, 2026, the Committee’s Chairman, Richard Ellimah, stressed the need for a strategic and deliberate approach to draw in high-capacity investors capable of transforming Ghana’s oil discoveries into commercially viable production hubs.
“What we are asking the government to do is to embark on a roadshow to attract some of these big-time oil companies into the country,” Mr. Ellimah stated. “This will enable more exploration activities and ultimately lead to increased commercial production.”
According to him, although Ghana has made several significant oil discoveries over the years, the country has struggled to capitalize on these fully due to the high levels of investment required to develop them.
“We have done several discoveries, but what we haven’t succeeded in doing is converting these discoveries into full production hubs because of the scale of investment involved,” he explained.
Mr. Ellimah emphasized that without the involvement of major international oil firms with the technical expertise and financial muscle, Ghana risks leaving valuable petroleum resources untapped.
He noted that a well-coordinated international roadshow, backed by strong policy signals and investor-friendly conditions, could position Ghana as a more attractive destination for upstream petroleum investments.
The PIAC Chairman’s remarks come at a time when stakeholders continue to push for greater efficiency and transparency in the management of Ghana’s petroleum resources, as well as strategies to maximize long-term economic benefits from the sector.
Industry observers say increased investment in exploration and production could significantly boost government revenue, create jobs, and strengthen Ghana’s position as a key oil producer in the region.
CREDIT: Mavis Fantevi
